Midas Franchise Opportunity Available in Diamond Bar, CA

Diamond Bar, CA (Los Angeles County)

Midas Franchise Opportunity Available in Diamond Bar, CA
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Asking Price: $150,000

Cash Flow: N/A

Gross Revenue: $505,000

EBITDA: N/A

FF&E: $65,000

Inventory: N/A

Established: 1990

Midas Franchise Opportunity Available in Diamond Bar, CA

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Business Description

Franchise Owner Operator - Automotive / Retail Management Business

This is a great opportunity to purchase your own Midas Automotive Services and Tire store in Diamond Bar, CA. The owner is transitioning full-time to focus on real estate business and multi-unit properties. A new roof installed in 2017 and new HVAC in 2016.....retro-fit LED energy efficient lighting for better visibility as well. All Equipment has been maintained and in good working condition and the outside landscape is well kept. Great Visibility of Diamond Bar Boulevard and close to Freeway Exits. Located in current location for 31 years and has been operated as a Community Focused Business by current owner - recognized by former congressman Ed Royce & Diamond Bar Woman\'s Club for it\'s involvement & partnerships with non-profit community organizations & causes. Great Social Media Presence on Google & other search engines. Prime location within an Automotive Retail Complex. The Shop is in good standing with the Better Business Bureau (Accredited A+) and the California Bureau of Automotive Repair (B.A.R.) - big deal in CA!

With your energy and commitment, our globally recognized brand name, full course training, full support, and marketing programs, you can be in business within 90 to 120 days. We will review business concept specifics and location details during our discussions with you along with our business model to qualified candidates who submit a Request for Consideration form. Contact us today for more information!

Franchise Disclaimer : This advertisement is not intended as an offer to sell or for the solicitation of an offer to buy a franchise. It is for information purposes only. An offer is made by a prospectus only. Midas International Corporation, 4300 TBC Way, Palm Beach Gardens, Florida 33410
Revenue Number - *The number is an historic financial performance representation reflecting the average and median of franchisee sales on an annual basis for the most recent calendar year of January 1, 2018 through December 31, 2018 (the “Included Stores”). For the Included Stores , there are 319 outlets included in the top 1/3, of which 110 (or 34 percent) exceed the average total sales of that group, 318 outlets in the middle 1/3, of which 152 (or 48 percent) exceed the average total sales of that group, and 319 outlets in the lower 1/3, of which 181 (or 57 percent) exceed the average total sales of that group. Out of the 956 total Included Stores, 394 outlets (or 41 percent) exceed the combined average of total sales stated. The information was compiled based on actual reported sales by our existing U.S. Midas Shop outlets during the year 2018 based on monthly sales reports submitted to us by Midas franchisees for the purpose of computing royalty fees. We do not know if the figures reported to us by franchisees were audited. We have not independently audited or verified the accuracy of these numbers, and we do not know if these numbers have been verified or audited on behalf of the franchisees. A new franchisee’s results may differ from the represented performance. See Item 19 of the Midas 2019 FDD for further information.

Detailed Information

Location:
Diamond Bar, CA
Inventory:
Included in asking price
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
This Location has 6 bays and 6 Lifts with approx 3650 square feet. All information, including exact location and facility details will be provided to qualified candidates upon completing a Request for Consideration form.
Competition:
Midas is a globally recognized brand and one of the world's largest providers of automotive service, offering brake, exhaust, maintenance, tires, steering and suspension services at over 2,100 franchised, licensed and company-owned Midas shops in 20 countries. Our parent company, TBC Corporation, is a leader in the automotive replacement tire market and supplier to independent regional tire retailers and distributors throughout the U.S., Canada and Mexico.
Growth & Expansion:
Find out about our new Trade Areas and how Midas supports qualified existing franchisee expansion through multi-unit ownership.Midas is poised for continuing growth! Ours is a significant share of the marketplace in the United States. The number of cars and light trucks continues to increase and as vehicles age they need more of the products and services we provide. Through our retail programs we strive to build strong relationships with our customers by offering skilled services at a value price and with a courteous attitude.
Financing:
Third Party Financing Accepted
Support & Training:
Midas franchisees all benefit from complete training, marketing support and nationwide advertising. Strategic alliances for parts distribution to North American Midas locations to further maximize your business. We have nearly 60 years of experience in the auto service industry and a franchise leadership team committed to long-term franchisee growth.
Reason for Selling:
Seeking Franchise Owner / Operator
Franchise:
This business is an established franchise
Business Website:
http://www.midasfranchise.com
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